by admin | Mar 7, 2019 | Estate Planning
In the Commonwealth of Virginia, guardians and conservators are appointed to protect the interests of a person who is deemed incapacitated. Incapacitated does not merely mean someone who makes poor decisions, but rather an individual who does not have the ability to...
by admin | Mar 7, 2019 | Estate Planning
Every year in April, the Commonwealth of Virginia holds an Annual Healthcare Decisions Day. The purpose of this day is threefold: 1) to raise public awareness of the necessity of planning ahead with regard to health care decisions involving end of life care; 2) to...
by admin | Mar 7, 2019 | Estate Planning
“My mother executed this power of attorney….I have one question…..why does the attorney have the power after she dies?” This question accentuates the fact that many people are unclear as to the purpose and effect of this essential document. The “attorney” that this...
by admin | Mar 7, 2019 | Estate Planning
The Code of Virginia enumerates a probate procedure that is followed upon the passing of an individual in the Commonwealth who died having executed a Last Will and Testament. In Virginia, probate is defined as “the official proving and recording of the will as the...
by admin | Mar 7, 2019 | Estate Planning
A limited liability company is a legal business entity that protects its owners (members) from personal liability. It provides more flexibility and is less formal than a corporation. Members of an LLC report the business’s profits and losses on their individual tax...
by admin | Mar 7, 2019 | Estate Planning
Life insurance is a contract that provides payment of an agreed upon amount by an insurance company to named beneficiaries upon the death of the maker of the contract. It is one of the most important aspects of personal finance and has a direct impact on estate...
